Former executive of Xiaomi, Bara, made a fortune by IPO. The shareholding value was 209 million US dollars.

via:CnBeta time:2018/7/12 1:02:04 readed:269

In general, employees leave the company before the stock vesting period, so he will lose this stock option. However, this tradition does not apply to the case of Barra.

According to the details hidden in the Xiaomi prospectus, Barra holds 86 million shares of Xiaomi restricted shares. These stocks will be vested on October 1, 2018. According to Xiaomi's current share price of 19 Hong Kong dollars, the value of this stock is about 209 million US dollars, which is due to the rebound of Xiaomi's stock price. Yesterday's increase exceeded 10%.

Barra’s shareholding is hidden in the Xiaomi prospectus

According to photos released by Xiaomi employees, Barra flew to Hong Kong on Monday to participate in Xiaomi's IPO ceremony. Barra’s name is not mentioned in the document, but since the title of Vice President of Global Business was created for him and he has never been directly replaced, and the starting date of the restricted stock is in line with his employment in Xiaomi, It is easy to confirm him.

Barra and Xiaomi have not yet commented.

Barra is not the only former employee to retain stock options. Xiaomi also reserved stock options for the company's former chief scientist and former hardware director. Other non-Chinese executives who have made big profits from Xiaomi's IPO include Manu Jain, who heads Xiaomi's Indian operations and is expected to hold shares worth about $55 million.